RTTN:Canadian Dollar Climbs To 6-day High Against Greenback
The Canadian dollar, which has been bullish against its US counterpart despite a brief gap down deals at the beginning of the Asian session, extended Friday's rally in early deals on Monday.
The loonie jumped to a 6-day high of 1.0340 against the greenback around 6:45 am ET, having appreciated almost 0.8 percent since a successful re-testing of the key 1.04 level on October 10.
Next likely resistance for the Canadian currency is seen around the 1.0310 level, with a major resistance beyond this area being visible on the 200-day simple moving average level of the pair at 1.0250.
